Under the Monetary Authority Act, the Cayman Islands Monetary Authority (CIMA) began operations on 1 January 1997 and was created by the Cayman Islands Government to regulate and supervise the Cayman Islands’ financial services industry.
It is also responsible for enhancing Cayman’s ability to maintain a well-regulated financial services regime and monetary stability. CIMA was created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board and assumed the former responsibilities, duties and activities of these two bodies.
Since then, CIMA has taken on additional responsibilities and, through ongoing legislative changes, has been given more clearly defined functions, duties, powers and obligations, thus enhancing our ability to meet international standards as well as ensuring our accountability and transparency.
The Financial Commission set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading the Forex market. The Financial Commission hears a wide variety of disputes of all monetary values. We give traders a voice so they feel they are treated fairly and we provide brokers a means to respond to any complaints that may have been unfairly lodged against them.
- Dispute Resolution Committee with over 50 years experience in financial trading.
- Qualified Board of Directors to ensure fair treatment of all parties.
- Shorter resolution time than traditional regulator or judicial review.
- Membership is open to brokers of all sizes and countries.
To protect and enhance the integrity of the financial services industry of the Cayman Islands.
- Teamwork: We empower each other to work at our productive best
- Accountability: We hold ourselves and each other accountable for our responsibilities and commitments
- Excellence: We aspire to the highest standards of performance
- Collaboration: We achieve common goals through successful working relationships
- Integrity: We encourage and expect honest and ethical behaviour by our employees
- Respect: We honour the public’s trust by showing respect for those with whom we interact, considering differing points of view and ensuring people are treated the way we would like to be treated
how can we help you?
Contact us at the EFSEC's office nearest to you or submit a message online.